Assistant Manager – AIF Operations

Role Assistant Manager – AIF Operations
Reporting Manager L1 Senior Manager – Fund Accounting
Reporting Manager L2 AVP – Fund Accounting
Department Operations & Investor Relations
Position Grade Range Assistant Manager
Location Mumbai HO
JOB ROLE & RESPONSIBILITIES:
The position would be responsible for monitoring the day-to-day requirements of the AIF Operation’s
deliverable for Mirae Asset AIF’s Fund. From the Core deliverable’s perspective the profile will require to
handle of Banking Operations RTA Operations support regulatory reporting support Fund Accounting
function to monitor & review bookkeeping accounting Trial Balance Review handle Mid Office and Back
Office for the AIF Team driving efficiencies improving customer experience and automation. The profile
will also require liaisingwith the Auditors (Both Internal as well as Statutory) for any first-hand information
or queries that can come on operation or aligned activities on the functionality.
• Setting-up handling of Mid Office and Back Office for the AIF Team
• Co-coordinating with Administrators and various Mirae AIF divisions for setting up Funds
including reviewing and approving documents wherever required
• Ensuring strict adherence to standard operating procedures and quality standards in operations
of the AIF.
• Coordination with Fund Accountants and RTA and reviewing their bookkeeping accounting work
regularly and tax aspects of various entities within the funds including
• GP entities and providing guidance on non-standard and complex matters.
• Coordination with distributors registrar’s bankers and custodian.
• Reviewing the RTA MIS on daily basis and ensuring its accuracy. Ensuring accurate mapping of
collection and updation of investors MIS
• Monitoring Client on boarding KYC and AML Check
• Coordination and follow up with RTA for getting various investor related reports or data
• Handling banking operations including accurate mapping of drawdown received inter-account
transfers disbursement for investments payouts to investors timely payments of vendor
invoices and taxes
• Administering the investment operations activities for the AIF Funds. Ensure timely Bank / Demat
/ Custody Account opening in coordination with Investment Manager.
• Monitoring the escrow and demat account of the fund and transfer of units to investors' account
on timely basis.
• Reviewing the workings for various regulatory reporting such as SEBI report STPI report FLA
report INVI report TDS return IT return etc and its filing in timely manner.
• Ensuring timely and accurate communications to investors from RTA such advance tax letters
SOA quarterly updates drawdown notices etc.
• Handle other projects as delegated by HOD. Perform related duties as assigned.

• Coordination with various stakeholders at the time of onboarding of investors through
transfer/transmission or at the time of fund raising and providing operational support. Ensuring
that repository of investors' documents is maintained properly by RTA.
• Providing support for brokerage calculation. Obtaining brokerage working from RTA and
providing the same to Investor Relations Team.
• Ensuring that monthly data for NAV including management fee working is received on time. (T
5th day from end of respective month).
• Ensuring accurate working of management fee is provided to Finance Team along with monthly
reconciliation in timely manner.
• Providing timely and complete data related to banking and RTA functions to statutory auditor
PPM auditor etc.
• Providing responses to any Income Tax notice after consultation with Tax Consultants
• Working closely with software development team in respect to the automation and streamlining
daily activities and reporting
• Handling other projects as delegated by the HOD. Perform related duties as assigned.
KNOWLEDGE & SKILLS
• Strong verbal and written communication skills needed for co-ordination between Vendors / RTA
as well as within the internal team.
• Must have prior experience in AIF Operations Tax Implication of all transactions Banking &
Reconciliation Activities Transaction Types of AIF Operations
• Desired & self-motivated towards work & to be passionate about learning new activities from
other team members. .
• Ability to handle multi-functional processes relating to AIF Fund Accounting Custody and RTA
Operations.
• Basic knowledge of AIF as a product along with Audit and Tax
• High level of accuracy and eye for detail & a good team player
• Good inter and intrapersonal relations for effective rapport building and functionality
management.
• Hands on experience on MS Office and aligned software’s.
QUALIFICATION & EXPERIENCE

• Minimum 2-3 years working experience in AIF Operations.
• Bachelor’s degree Post-Graduation or Chartered Accountant/CFA.
• Understanding of financial processes and regulatory requirements.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Problem-solving skills and the ability to handle inquiries and disputes effectively.

**NOTE: The above statements are intended to describe the general nature and level of work
being performed by incumbent. They are not intended to be an exhaustive list of all
responsibilities duties and skills required by all incumbents. Management/HOD retains the right
to add to or change the duties of the position at any time.

Required Skills:

Banking Operations RTA Operations Regulatory Reporting Fund Accounting Bookkeeping Accounting Trial Balance Review Mid Office Handling Back Office Handling Driving Efficiencies Customer Experience Improvement Automation Liaising with Auditors Document Review and Approval Compliance with Standard Operating Procedures Quality Standards Tax Aspects Management Coordination with Distributors Registrars and Custodians MIS Review Client Onboarding KYC AML Check Investor Related Reporting Inter-account Transfers Disbursement Management Vendor Invoice Payments Tax Payments Investment Operations Bank/Demat/Custody Account Opening Escrow and Demat Account Monitoring Regulatory Report Preparation (SEBI STPI FLA INVI TDS IT Return) Investor Communications Operational Support Brokerage Calculation Support NAV Data Management Management Fee Reconciliation Auditing Support Income Tax Notice Handling Software Development Collaboration Multi-functional Process Handling Audit and Tax Knowledge Accuracy Teamwork Interpersonal Relations MS Office Aligned Software